Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 69.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,393 shares of the financial services provider’s stock after selling 114,515 shares during the period. Picton Mahoney Asset Management’s holdings in Intercontinental Exchange were worth $7,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ICE. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the third quarter worth $31,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter worth $40,000. Planning Capital Management Corp lifted its stake in Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth $51,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 1.3 %

ICE opened at $171.28 on Friday. The business’s 50-day simple moving average is $161.47 and its 200-day simple moving average is $159.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41. The stock has a market capitalization of $98.41 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 6,834 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares of the company’s stock, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,313 shares of company stock worth $11,113,733. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ICE shares. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group increased their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.